By Komfie Manalo
The Department of Energy (DOE) said the fourth round of the green energy auction (GEA-4), an integrated renewable energy and energy storage system (IRESS), a comprehensive energy solution combining renewable energy (RE) technology and energy storage technologies like batteries, flywheels, or pumped storage hydropower systems, will be conducted in the last quarter of the year.
"This integration allows renewable energy plants to optimize their operations by storing excess energy generated during peak production periods and utilizing it when needed, thereby reducing the required capacity from the grid," it said.
The DOE explained that an IRESS enhances the stability and reliability of the energy system, enabling a more efficient power supply.
Moreover, the DOE is also considering including liquefied natural gas (LNG) technologies in the next round of GEA.
It studies the pricing, dispatch, contracts, energy, and capacity for LNG technologies.
DOE will soon issue a notice of auction (NOA).
"In the last two years, the DOE has conducted two rounds of auction, which generated 5,306 megawatts of RE capacities and committed to delivering power from 2024 to 2026. Additional capacities will be auctioned for the 3rd Auction Round within the third quarter this year," DOE said.
GEA-3 covers non-feed-in-tariff (FIT) eligible RE facilities such as geothermal, impounding, pumped-storage, and run-of-river hydro, a FIT-eligible technology.
DOE's GEA program facilitates contracting clean energy supply to qualified customers through a competitive process.
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